Colonial Pipeline reportedly paid $5M to hackers to end the ransomware attack, but the attack has resulted in dire consequences for consumers including price spikes, fuel shortages, and panicked buying…
CUNAChief Advocacy Officer Ryan Donovan spoke on CUBroadcast recently to discuss highlights and takeaways from CUNA's recent white paper, "Delivering Financial Products and Services to the Unbanked and Underbanked in…
NAFCU joined with several other financial services industry trades Thursday to reiterate concerns to the Office of the Comptroller of the Currency (OCC)about its novel bank licensing approach and urged…
At the end of each mortgage transaction, we are given the opportunity to be a part of the most exciting part of buying a home—receiving the keys. The excitement can…
Kyle Gurzynski’s degree in business finance and economics made him well-suited for a job at a bank. But his desire to make a difference in his hometown of Ludington, Mich.,…
On May 17, 2021, Elan participated in a live discussion event hosted by PYMNTS.com titled“Consumer Credit Confidently Charges Out of Covid Era.” Click hereto view a recording of the event.…
When your business has a winning wellness program that your employees are engaged in and excited about, morale will be high and it can put you on the path to…
Employees crave leaders and managers who are genuine, trustworthy and responsible – or in other words authentic. A truly authentic leader understands that they helm the ship and that their…
When Colorado became the first state to legalize recreational marijuana in 2012, the plant was (and continues to be) illegal at the federal level. Yet several Colorado banks jumped in,…
NCUA this week issued a Regulatory Alert (21-RA-06) to federally insured credit unions addressing the Consumer Financial Protection Bureau (CFPB) finalizing the delay of its Qualified Mortgage (QM) rule. The…
In a new Real Clear Politics op-ed, NAFCU President and CEO Dan Berger calls on policymakers to do what's best for consumers and repeal the Durbin Debit Interchange Amendment under…
The Consumer Financial Protection Bureau’s COVID-19-pandemic-related rules continue to evolve as America reopens for business. Notably for credit unions, the Federal Housing Finance Agency’s foreclosure moratorium on government-sponsored enterprise-related mortgages…
As clients are becoming more and more technologically savvy, they expect to be able to leverage that technology in all aspects of their lives -- from ordering their coffee in…
It seems like just yesterday (okay, it was a year ago) that I had just written a blog declaring the death of surge deposits—significant and abnormal deposit growth with uncertain…
Our own Aux Senior Compliance Manager Kristen Tatlock, a well-known and much-loved national compliance trainer and speaker, was interviewed by Mike Lawson at CUBroadcast recently. They spoke at length about…
Loan growth, resource deficiencies, and increasing regulations are some of the pain points financial institutions are currently feeling. Additionally, state by state regulations on rate caps are causing lending confusion,…
The past month has been a time of continued growth and change in the payments landscape. The number of Americans who have received a COVID-19 vaccine continues to climb and…
The African-American Credit Union Coalition (AACUC) is featured in The New York TimesBlack Wall Street virtual storefront, which started Tuesday. AACUC was nominated by Kevin Paasch, president of MemberWealth Management…
New home sales dipped 5.9 percent from March's downwardly revised rate of 917,000 annualized units to 863,000 units in April. Sales were up 51.4 percent versus April 2020, according to…
Todd Robertson, SVP/business development for ARGO, Richardson, Texas, says that today’s digital, pandemic world has forever changed how consumers interact with their financial institutions. And it’s forced the financial services…
Some diversity, equity, and inclusion (DEI) programs start with a small step while others take a larger, more formal approach. But they all have the same intent. “It evolves from…
This past month was a wild one for stocks, particularly in the growth-stock heavy NASDAQ 100. The index was down as much as over 5% as of May 12, before…
Earlier this year, we blogged about a class action lawsuit pending in Virginia which alleged a lender violated the Military Lending Act (MLA) in offering vehicle purchase loans. Last week,…
Once upon a time, in a land far, far away, there was a terrible— no, wait. Hold on. (clears throat). It was a dark and stormy night, when suddenly a—…